EURGBP Long: Ride Wave 5

FX:EURGBP   Euro / British Pound
There has been a retrace after a bullish impulse that could be the start of wave-5-of-(Y). A drop below the start of wave-i would point to deeper retrace, so stop will be placed here and we will look for a lower entry with similar setup. The R/R is about 5:1, worth the risk of testing the breakout. I will update as receive more signals.
Trade active
Trade closed: stop reached: Watch for the next possible reversal level at AB=CD to complete a possible zig-zag. I'll only buy the pullback after an impulse from this level:

look more a downtrend for me
+1 Reply
Thanks Beny, that's a possibility as well. I am assuming with this trade that the bullish impulse to wave-5 is not yet complete. the risk to reward fits my trading style and I liked the small bullish impulse we just received. We will see in a few short hours.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out